Petco Health and Wellness (NASDAQ:WOOF – Get Rating) had its price target dropped by research analysts at The Goldman Sachs Group from $18.00 to $16.00 in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price points to a potential upside of 43.50% from the company’s current price.
A number of other analysts have also recently issued reports on WOOF. Morgan Stanley cut their target price on shares of Petco Health and Wellness from $21.00 to $19.00 and set an “equal weight” rating for the company in a research note on Thursday, August 25th. StockNews.com assumed coverage on shares of Petco Health and Wellness in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Needham & Company LLC dropped their price objective on shares of Petco Health and Wellness from $30.00 to $20.00 and set a “buy” rating for the company in a research note on Monday. Royal Bank of Canada dropped their price objective on shares of Petco Health and Wellness from $17.00 to $16.00 in a research note on Thursday. Finally, Citigroup dropped their price objective on shares of Petco Health and Wellness from $19.00 to $15.00 in a research note on Monday, October 31st. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $16.00.
Petco Health and Wellness Stock Performance
WOOF stock traded up $0.11 during trading hours on Thursday, reaching $11.15. The stock had a trading volume of 66,990 shares, compared to its average volume of 2,720,817. The stock has a market capitalization of $2.54 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 1.98 and a beta of 0.78. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.98 and a quick ratio of 0.28. The stock has a 50-day simple moving average of $10.57 and a 200 day simple moving average of $13.68. Petco Health and Wellness has a fifty-two week low of $9.14 and a fifty-two week high of $22.75.
Petco Health and Wellness (NASDAQ:WOOF – Get Rating) last posted its earnings results on Wednesday, November 30th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Petco Health and Wellness had a net margin of 2.03% and a return on equity of 7.96%. Petco Health and Wellness’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.17 EPS. Analysts predict that Petco Health and Wellness will post 0.64 EPS for the current fiscal year.
Insider Buying and Selling at Petco Health and Wellness
In other Petco Health and Wellness news, insider Justin Tichy sold 6,500 shares of the firm’s stock in a transaction dated Thursday, October 20th. The shares were sold at an average price of $9.85, for a total value of $64,025.00. Following the transaction, the insider now directly owns 341,254 shares of the company’s stock, valued at approximately $3,361,351.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.55% of the company’s stock.
Institutional Investors Weigh In On Petco Health and Wellness
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FourThought Financial LLC grew its holdings in shares of Petco Health and Wellness by 31.7% during the 3rd quarter. FourThought Financial LLC now owns 30,069 shares of the company’s stock valued at $336,000 after purchasing an additional 7,240 shares during the last quarter. BNP Paribas Arbitrage SNC bought a new stake in shares of Petco Health and Wellness during the 3rd quarter valued at approximately $315,000. Two Sigma Advisers LP grew its holdings in shares of Petco Health and Wellness by 92.4% during the 3rd quarter. Two Sigma Advisers LP now owns 71,200 shares of the company’s stock valued at $795,000 after purchasing an additional 34,200 shares during the last quarter. Vanguard Group Inc. grew its holdings in Petco Health and Wellness by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 7,065,056 shares of the company’s stock worth $78,847,000 after acquiring an additional 66,322 shares during the last quarter. Finally, Ensign Peak Advisors Inc grew its position in Petco Health and Wellness by 15.3% during the third quarter. Ensign Peak Advisors Inc now owns 14,390 shares of the company’s stock valued at $161,000 after acquiring an additional 1,910 shares during the last quarter. 68.23% of the stock is owned by institutional investors.
About Petco Health and Wellness
Petco Health and Wellness Company, Inc, a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.
Further Reading
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